02 Feb 2015
(MENAFN) Gulf hydrocarbon producers plan to invest about USD121 billion in projects during 2015-2019 to build new power plants and expand existing units to face growth demand, according to an official Arab study, Emirates 24/7 reported.
The investments by the six-nation Gulf Cooperation Council (GCC) account for more than a third of the total power project costs of about USD316 billion in the Middle East and North Africa (Mena) region, comprising the Arab countries and Iran.
The study by the Saudi-based Arab Petroleum Investment Corp, an offshoot of the Kuwaiti-based Organization of Arab Petroleum Exporting Countries (OAPEC), estimated power investment at USD92.1 billion in the Mashreq region, which comprises Egypt, Jordan, Iraq, Lebanon, Syria and the Palestinian areas.
It put costs at around USD40 billion in the Maghreb region, which includes Algeria, Tunisia, Morocco, Libya and Mauritania.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more